Front Month ICE Brent Crude for April delivery lost $6.46 per barrel, or 7.48% to $79.94 this week
--Largest one week net and percentage decline since the week ending Jan. 6, 2023
--Down for two consecutive weeks
--Down $7.69 or 8.78% over the last two weeks
--Largest two week net decline since the week ending Nov. 25, 2022
--Largest two week percentage decline since the week ending Dec. 9, 2022
--Today it is down $2.23 or 2.71%
--Down for six consecutive sessions
--Down $7.53 or 8.61% over the last six sessions
--Largest six day dollar and percentage decline since Monday, Dec. 12, 2022
--Longest losing streak since Friday, Dec. 9, 2022, when the market fell for seven straight sessions
--Down eight of the past nine sessions
--Today's settlement value is the fifth lowest this year
--Lowest settlement value since Monday, Jan. 9, 2023
--Off 37.54% from its 52-week high of $127.98 hit Tuesday, March 8, 2022
--Up 5.05% from its 52-week low of $76.10 hit Friday, Dec. 9, 2022
--Down 14.29% from 52 weeks ago
--Off 9.35% from its 2023 settlement high of $88.19 hit Monday, Jan. 23, 2023
--Up 2.70% from its 2023 settlement low of $77.84 hit Wednesday, Jan. 4, 2023
--Off 45.28% from its record high of $146.08 hit Thursday, July 3, 2008
--Year-to-date it is down $5.97 or 6.95%
All prices are calculated based on the settlement price of the current front month contract.
Source: Dow Jones Market Data
(END) Dow Jones Newswires
02-03-23 1517ET